CODE OF VIRGINIA (REPEALED EFFECTIVE OCTOBER 1, 2016) CONTROL OF FUNDS; RULES AND REGULATIONS; APPOINTMENT, ETC., OF PRESIDENT, FACULTY AND STAFF (ยง 23-174.6) The board shall control and expend the funds of the corporation and any appropriation hereafter provided, and shall make all necessary rules and regulations concerning the University, appoint a president, who shall be its chief executive officer, and make all provisions for teachers, staff members and agents, and shall fix their salaries and shall prescribe their duties. HISTORY: 1968, c. 532; 1979, c. 146.